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20130201
20130228
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KGO (ABC) 1
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to take advantage of things before obama care takes affect. >> 730,000 californiains who buy private insurance saw an average 17.5% increase but some as much as 26% jump. consumer watch dog says this is the third and fourth rate haik from an insure surer. anthem says the industry had to raise rates not the only one. >> unfortunate, due to increasing medical costs and to people chr older and sicker we have to raise rates to cover cost autos with the hike, anthem says it's taking a 2.5% loss on this group. >> it's outrageous that... >> groups point out the industry found rate of inflation in the industry slowed questioning the need for double digit increases. >> i think what they have just done is perfect example ofnxpyx we need rate regulation in california. >> 15 states have no authority to control rates. an initiative is in the works to give the commissioner the power to reject rate hikes. she just wants to hang on until 2014 when people can buy it on a competitive exchange. >> hopefully it will lower the rates because of quantity of people should increase revenue to insurance compa
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